Sony in talks to acquire Elden Ring maker parent company: report
Sony is in talks to acquire Kadokawa, the Japanese media company that owns Elden Ring developer FromSoftware, according to Reuters. Specific financial terms weren’t disclosed, but Reuters notes that Kodokawa’s market cap prior to its report was $2.7 billion USD (about $3.7 billion CAD). Kadokawa owns a controlling 69.66 percent stake in FromSoftware, while Sony itself holds
Sony in talks to acquire Elden Ring maker parent company
Update: 20/11/2024 at 12:46pm ET — Kadokawa has acknowledged that it has received a letter of intent from Sony proposing the acquisition, but “no decision has been made at this time.” It adds that if there are any facts that should be announced in the future, we will make an announcement in a timely and appropriate
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